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No LA Rent Control @ $291K PPU & 12.61 GRM 922 N Hudson Ave 12 Unit Apartment Building $4,885,720 CAD ($407,143 CAD/Unit) 5% Cap Rate Los Angeles, CA 90038

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INVESTMENT HIGHLIGHTS

  • 922 N. Hudson Ave. is a 12-unit “newer construction” asset located blocks from Hancock Park, Melrose Ave, and the ever-popular Larchmont Village.
  • The property is a short walk to Sunset Las Palmas Studios (0.4 miles), Paramount Studios (0.9 miles), and Sunset Gower Studios (1 mile).
  • Property amenities include secured access, a rear seating area, on-site laundry, and an on-grade parking garage with 12 side-by-side spaces.
  • Built in 1985, the property is exempt from Los Angeles rent control, allowing for annual rent increases of 5% plus CPI (buyer to verify).
  • The building features bright, spacious units that average approx. 750 SF, with title showing a total building size of 9,038 SF.
  • Ownership also benefits from reimbursement for water and trash.

EXECUTIVE SUMMARY

Nestled in the heart of Hollywood, 922 N. Hudson Ave. presents an opportunity to acquire a 12-unit “newer construction” asset located blocks from Hancock Park, Melrose Ave, and the ever-popular Larchmont Village. Built in 1985, the property is exempt from Los Angeles rent control, allowing for annual rent increases of 5% plus CPI (currently 8.8%—buyer to verify). This regulatory advantage provides flexibility and long-term upside. Located 2 blocks north of Melrose, 922 N. Hudson sits on a quiet residential block surrounded by a mix of charming historic homes and newer multifamily developments. The property is a short walk to Sunset Las Palmas Studios (0.4 miles), Paramount Studios (0.9 miles), Sunset Gower Studios (1 mile), and numerous employment hubs that draw steady demand from entertainment professionals. Major retail, dining, and nightlife destinations in Hollywood (1.3 miles), Larchmont Village (1.3 miles), and K-Town are all nearby. The building features bright, spacious units that average approx. 750 SF, with title showing a total building size of 9,038 SF. The layout, natural light, and interior finishes make the units highly attractive to renters seeking value in a prime Hollywood location. Property amenities include secured, gated access, a landscaped rear seating area, on-site laundry facilities, and an on-grade parking garage with 12 side-by-side spaces. Ownership also benefits from reimbursement for water and trash. 922 N. Hudson offers the rare combination of location, stability and regulatory flexibility; all in one of LA's most dynamic rental markets.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS Under Contract

Price $4,885,720 CAD
Price Per Unit $407,143 CAD
Sale Type Investment
Cap Rate 5%
Gross Rent Multiplier 12.61
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 9,038 SF
Average Occupancy 75%
No. Stories 2
Year Built 1985
Parking Ratio 1/1,000 SF
Opportunity Zone Yes
Zoning R4

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony

SITE AMENITIES

  • Controlled Access
  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1.5 2 $2,951 CAD -
1+1 6 $2,723 CAD -
Studios 4 $2,060 CAD -
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5533-022-020
Land Assessment
$2,857,353 CAD (2025)
Improvements Assessment
$1,008,474 CAD (2025)
Total Assessment
$3,865,827 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 36699965

  • Date on Market: 2025-07-11

  • Last Updated:

  • Address: 922 N Hudson Ave, Los Angeles, CA 90038

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